Sales tax allocations trending upward

Published
11:38 am CDT, Friday, June 1, 2018

Texas Comptroller Glenn Hegar recently announced that his agency is sending cities, counties, transit systems and special purpose taxing districts $861.8 million in local sales tax allocations for May. That’s an increase of 9.4 percent from disbursements in May 2017.

Texas Comptroller Glenn Hegar recently announced that his agency is sending cities, counties, transit systems and special purpose taxing districts $861.8 million in local sales tax allocations for May. That’s

Texas Comptroller Glenn Hegar recently announced that his agency is sending cities, counties, transit systems and special purpose taxing districts $861.8 million in local sales tax allocations for May. That’s an increase of 9.4 percent from disbursements in May 2017.

Texas Comptroller Glenn Hegar recently announced that his agency is sending cities, counties, transit systems and special purpose taxing districts $861.8 million in local sales tax allocations for May. That’s

In concert with rising temperatures this summer, the area’s economy is heating up as reflected by sales tax allocations.

Texas Comptroller Glenn Hegar recently announced that his agency is sending cities, counties, transit systems and special purpose taxing districts $861.8 million in local sales tax allocations for May. That’s an increase of 9.4 percent from disbursements in May 2017.

Those allocations are based on sales made in March by businesses that report tax receipts monthly, and sales made in January, February and March by quarterly filers.

Fifteen taxing entities within the Herald circulation area collect local sales tax in addition to state sales tax. Those cities and counties are receiving a May 2018 allocation of $731,480.03 which reflects an increase of 2.77 percent or $19,686.21 more than the $711,793.82 distributed to those entities in May 2017.

For the year-to-date, the 15 taxing entities served by the Herald have received $3,175,450.10 which reflects an increase of $42,365.40 or 1.35 percent above the $3,133,084.70 received during the same period in 2017.

Eleven entities showed increases in their May allocation while four saw declining allocations from a year ago. For the year-to-date, 10 report increased allocations while five have seen their payments decline.

Texas Comptroller Glenn Hegar reports that Texas cities, counties, transit systems and special purpose taxing districts received $861.8 million in local sales tax allocations for May. That’s a 9.4 percent increase from May 2017, and 6.9 percent above the corresponding 2017 year-to-date total.

For counties, current allocations total $52.6 million. That’s up 13.2 percent from this time last year, with the year-to-date tally up 13.6 percent.

Plainview’s allocation for May totals $406,032.46, an increase of 2.25 percent from last May. For the year-to-date, payments have increased 0.83 percent to $1,723,685.15.

Hale County received $146,445.99 this May, an increase of 5.1 percent. The year-to-date collections stand at $669,916.93 which is an increase of 2.46 percent.

The largest percentage increase was posted by Edmonson with a hike of 67.25 percent, climbing from $221.56 in May 2017 to $370.57 in May 2018. Petersburg’s payment rose 43.26 percent, climbing from $4,596.85 in May 2017 to $6,585.45 in May 2018. Hart’s payment rose 22.05 percent, rising from $3,613 to $4,409.98.

Other entities posting double-digit gains were Kress at 13.53 percent, going from $884.02 to $1,003.70; and Olton, up 11.93 percent, from $18,594.46 to $20,814.14.

Castro County saw the largest percentage decrease at 20.37 percent, dropping from $23,147.95 in May 2017 to $18,431.91 in May 2018. Abernathy posted a decline of 6.47 percent followed by Lockney, off 5.98 percent; and Hale Center, off 5.7 percent.

Current and year-to-date payments, and changes from 2017, for area taxing entities include: